AT&T closed its $85 billion takeover of Time Warner (TWC, +0.00%), the culmination of a 20-month battle for the right to enter the media business by acquiring the owner of HBO and Warner Bros. The completion of the deal came just hours after AT&T made a filing in federal court in Washington disclosing that it had reached an agreement with the Justice Department that waived a waiting period for closing. The agreement doesn’t prevent the department’s antitrust division from appealing the decision issued Tuesday by a federal judge rejecting the U.S. antitrust lawsuit against the deal. The government is still weighing ... (full story)